- Boenning & Scattergood served as financial advisor to Lifecycle Renewables and WindSail Capital Group on the deal
- Founded in 2008, Lifecycle Renewables is headquartered in Tewksbury, Massachusetts
- GEF Capital invests in companies that have developed solutions to help address climate change and pollution mitigation
GEF Capital Partners has acquired Lifecycle Renewables Inc, a provider of renewable heating oil. No financial terms were disclosed.
Lifecycle Renewables was backed by WindSail Capital Group, its financial partner since 2017.
“We are excited to partner with GEF Capital in this next phase of development for Lifecycle Renewables,” said Rory Gaunt, Lifecycle Renewables’ Founder and CEO, in a statement. “The investment from GEF Capital will help the company continue to scale to meet an increasingly diverse set of customers looking for solutions to meet their carbon emissions goals.”
Boenning & Scattergood served as financial advisor to Lifecycle Renewables and WindSail on the deal.
Lifecycle Renewables collects used cooking oil from restaurants and other foodservice entities in the Northeast and Mid-Atlantic and processes it into an eco-friendly renewable heating oil for utility grade energy customers. Founded in 2008, Lifecycle Renewables is headquartered in Tewksbury, Massachusetts, and has processing plants located throughout the Northeastern U.S.
GEF Capital Partners is a global private equity firm that was established in March 2018 following a collaborative spinout from Global Environment Fund, a provider of global sustainability and environmental investing.